Canada’s Super Visa program allows parents and grandparents of Canadian citizens and permanent residents to visit and stay in the country for up to 5 years per visit, with multiple entries for up to 10 years. However, one of the key requirements to obtain a Super Visa is purchasing a Super Visa insurance policy.
While many applicants prefer to pay the entire insurance cost upfront, some opt for a Super Visa insurance monthly plan to make payments more manageable. In this guide, we’ll break down the costs, benefits, and best options for monthly Super Visa insurance plans in 2024.
What is a Super Visa Insurance Monthly Plan?
A Super Visa insurance monthly plan allows applicants to pay for their medical insurance in smaller, more affordable monthly installments instead of a large one-time upfront payment.
Key Features of Super Visa Insurance Monthly Plans:
✔ Minimum $100,000 coverage (as required by IRCC)
✔ Valid for at least one year from the date of entry
✔ Healthcare, hospitalization, and repatriation coverage
✔ Offered by Canadian insurance providers
✔ Flexible payment options (monthly installments)
💡 Important Note: Some insurance providers may require a deposit upfront before allowing monthly payments.
Super Visa Insurance Monthly Plan Costs
The cost of a Super Visa insurance monthly plan depends on several factors, including:
✅ Age of the applicant (older applicants pay higher premiums)
✅ Coverage amount (minimum $100,000, but higher amounts are available)
✅ Pre-existing medical conditions (some plans charge extra for coverage)
✅ Deductibles (higher deductibles reduce monthly costs)
✅ Insurance provider (rates vary between companies)
Average Super Visa Insurance Monthly Rates (2024 Estimates):
|
Coverage Amount |
Age 40-54 |
Age 55-69 |
Age 70-79 |
Age 80+ |
|
$100,000 |
$80-$120/month |
$100-$180/month |
$200-$300/month |
$400+ per month |
|
$150,000 |
$100-$150/month |
$130-$220/month |
$250-$350/month |
$500+ per month |
|
$200,000 |
$120-$180/month |
$150-$250/month |
$300-$400/month |
$600+ per month |
💡 Tip: Choosing a higher deductible (e.g., $500 or $1,000) can reduce monthly payments significantly.
Benefits of Choosing a Super Visa Insurance Monthly Plan
A monthly payment option can be an excellent choice for those who prefer budget-friendly installments over a large upfront cost. Here are the main benefits:
✅ More Affordable Payments
- Instead of paying $1,500–$3,000 upfront, applicants can pay in smaller monthly installments.
✅ Flexible Budgeting
- Families can manage expenses more effectively by spreading out payments over 12 months.
✅ Access to Quality Healthcare
- Monthly plans provide the same medical coverage as full-payment policies, ensuring peace of mind.
✅ No Need for a Large Lump Sum Payment
- Paying monthly instead of upfront can help families with financial constraints meet Super Visa requirements without a significant burden.
Best Super Visa Insurance Providers Offering Monthly Plans
Several Canadian insurance providers offer Super Visa insurance monthly plans. Here are some of the top options in 2024:
1. Manulife Super Visa Insurance
💰 Monthly Cost: Starts at $100/month
✔ Offers flexible payment plans
✔ Covers hospitalization, emergency care, and repatriation
✔ Pre-existing condition coverage available
2. Allianz Global Assistance
💰 Monthly Cost: Starts at $110/month
✔ Includes comprehensive health benefits
✔ 24/7 emergency assistance available
✔ Pre-existing conditions covered with stability period
3. Sun Life Super Visa Insurance
💰 Monthly Cost: Starts at $120/month
✔ Customizable deductibles for lower payments
✔ Covers COVID-19 and other emergencies
✔ Offers fast claim processing
4. Tugo Super Visa Insurance
💰 Monthly Cost: Starts at $90/month
✔ Budget-friendly option with competitive rates
✔ Covers travel-related emergencies
✔ Flexible refund policy if the Super Visa is rejected
5. GMS (Group Medical Services)
💰 Monthly Cost: Starts at $95/month
✔ Covers doctors’ fees, hospitalization, and prescription drugs
✔ Offers family plans for multiple applicants
✔ Easy claim process with online submission
How to Choose the Best Super Visa Insurance Monthly Plan
With multiple providers offering different plans, it’s important to choose the right insurance policy. Here are some key factors to consider:
1. Compare Multiple Quotes
- Get at least 3-5 quotes to compare Super Visa insurance rates and find the most affordable option.
2. Check the Deductible Amount
- Choosing a higher deductible (e.g., $500 or $1,000) can reduce monthly costs but requires higher out-of-pocket expenses if you file a claim.
3. Ensure Full Compliance with IRCC Requirements
- The plan must include a minimum of $100,000 in coverage and meet Super Visa application requirements.
4. Look for Pre-Existing Condition Coverage
- If the applicant has diabetes, high blood pressure, or heart disease, choose a policy that covers pre-existing conditions.
5. Check the Cancellation & Refund Policy
- Some providers allow full or partial refunds if the Super Visa is denied. Always check the terms before purchasing.
Super Visa Insurance: Monthly Plan vs. Full Payment Plan
|
Feature |
Monthly Plan |
Full Payment Plan |
|
Upfront Cost |
Lower monthly payments |
Large one-time payment |
|
Total Cost |
Slightly higher overall |
Usually lower total cost |
|
Refund Policy |
May include cancellation fees |
Easier to get a refund if the visa is rejected |
|
Best For |
Budget-conscious applicants |
Those who want to pay once and save |
💡 Tip: If possible, paying upfront can help you save money compared to monthly payments.
How to Apply for a Super Visa Insurance Monthly Plan
Step 1: Research & Compare Plans
Use online comparison tools or speak with an insurance broker to find the best monthly rates.
Step 2: Choose the Best Coverage
Select a policy that meets your budget and Super Visa requirements.
Step 3: Apply & Make the First Payment
Most providers require an initial deposit, followed by monthly payments.
Step 4: Submit Proof of Insurance with Your Visa Application
Attach the insurance certificate with the Super Visa application.
Final Thoughts: Find the Best Super Visa Insurance Monthly Plan
A Super Visa insurance monthly plan is an excellent way to secure coverage while managing costs. By comparing multiple providers, selecting the right deductible, and ensuring compliance with IRCC requirements, you can find the best and most affordable plan for your loved ones.